The Manufacturers Life Insurance Company Lowers Position in Mattel, Inc. $MAT

The Manufacturers Life Insurance Company decreased its position in shares of Mattel, Inc. (NASDAQ:MAT) by 9.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 433,951 shares of the company’s stock after selling 46,370 shares during the quarter. The Manufacturers Life Insurance Company owned 0.15% of Mattel worth $6,305,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MAT. SummitTX Capital L.P. acquired a new position in shares of Mattel in the 1st quarter valued at $1,546,000. Lazard Asset Management LLC grew its position in Mattel by 1,031.9% during the first quarter. Lazard Asset Management LLC now owns 172,580 shares of the company’s stock valued at $2,508,000 after buying an additional 157,333 shares during the period. Weiss Asset Management LP acquired a new stake in Mattel during the first quarter valued at $1,542,000. Entropy Technologies LP increased its holdings in Mattel by 1.7% in the first quarter. Entropy Technologies LP now owns 74,291 shares of the company’s stock valued at $1,079,000 after buying an additional 1,265 shares in the last quarter. Finally, Morningstar Investment Management LLC purchased a new position in Mattel in the first quarter valued at $155,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Mattel

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Vehicles—including Hot Wheels—games and action figures led the sales beat. Toy-based entertainment properties and growing demand from adult collectors also supported results, suggesting Mattel’s brands continue to generate consumer interest. Mattel Says Toy-Based Movies and Adult Collectors Drive 10% Q2 Growth
• Positive Sentiment: The Masters of the Universe movie reportedly underperformed at the box office but helped lift sales of related toys, illustrating the potential benefits of Mattel’s strategy to monetize intellectual property across entertainment and products. Movies Give Mattel A Sales Lift, But Toymaker Reports $18 Million Loss
• Neutral Sentiment: Management maintained its full-year 2026 outlook, calling for adjusted EPS of $1.27-$1.39 and revenue of $5.5-$5.7 billion. Executives said third-quarter growth is continuing, although the revenue range is below the $5.7 billion analyst consensus. Mattel Reports Second Quarter 2026 Financial Results
• Negative Sentiment: Profitability deteriorated as advertising and selling, general and administrative expenses increased. Mattel reported an $18.2 million quarterly loss, while tariffs and other cost pressures weighed on margins. Mattel Sales Climb, But Higher Expenses Weigh on Profit
• Negative Sentiment: The earnings miss comes as discretionary toy spending slows, increasing investor concern that revenue growth may not translate into profits. Shares have decreased as the market focuses on the earnings decline and ongoing margin pressure. Mattel Misses Second-Quarter Profit Estimates as Toy Spends Slow

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MAT shares. Wells Fargo & Company lowered their target price on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Roth Capital cut their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. JPMorgan Chase & Co. reduced their price target on Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group lowered Mattel from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $15.00 to $12.00 in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.33.

Mattel Stock Performance

MAT opened at $14.46 on Thursday. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 1.30 and a beta of 0.72. Mattel, Inc. has a 52-week low of $12.73 and a 52-week high of $22.48. The firm’s fifty day simple moving average is $14.20 and its two-hundred day simple moving average is $15.67.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. Mattel had a net margin of 7.79% and a return on equity of 15.83%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities analysts anticipate that Mattel, Inc. will post 1.35 earnings per share for the current fiscal year.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.